Westlake Village Flex for Sale - Thousand Oaks/SE County
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 4553 La Tienda Road (the “Property”), a 113,122-square-foot, two-story flex campus situated on approximately 9.18 acres in Thousand Oaks, California, directly fronting the Interstate 101 (Ventura Freeway) at the gateway to Westlake Village.
Delivered fully vacant, the Property offers an owner-user or investor the rare opportunity to acquire a turnkey flex campus in one of the most affluent and supply-constrained submarkets in Ventura County. The Property occupies a prominent freeway-frontage position at the intersection of La Tienda Road and Lakeview Canyon Road, surrounded by the Conejo Valley’s premier life science and corporate employment base, anchored by Amgen, Takeda, and more than 30 life science companies. The result is a deep, well-capitalized tenant pool in a corridor where modernized flex product is structurally difficult to replicate.
The Property has been comprehensively modernized through more than $6.6 million in recent capital improvements. Between 2020 and 2021, the prior occupant invested $2.6 million in base building work and an additional $4 million in tenant improvements, including a new roof, replaced HVAC package units and air handlers, new boilers, re-glazed perimeter windows, full lobby and tenant-space renovations, EV charging stations, a solar-covered patio, and a re-striped parking lot. The result is a move-in-ready campus that eliminates the cost, time, and execution risk of a major capital program.
The Property is zoned M-1 (Light Industrial), which expressly permits manufacturing, technology, and life science uses. In 2023, the City of Thousand Oaks adopted a comprehensive General Plan update redesignating the site to Industrial Flex, broadening the range of permitted uses, with a complementary zoning code update anticipated in 2026 to further clarify development standards.
The Property is positioned in one of Southern California’s most desirable and affluent submarkets, where average household incomes exceed $156,000 within one, three, and five miles. Located directly along the Interstate 101 (Ventura Freeway) at the gateway between Thousand Oaks and Westlake Village, the campus offers exceptional regional connectivity and is surrounded by the Conejo Valley’s premier corporate and life science employment base, anchored by Amgen, Takeda, and more than 30 life science companies. Immediate proximity to The Promenade at Westlake, The Shoppes at Westlake Village, and the Four Seasons Hotel Westlake Village provides tenants and ownership with access to a deep amenity base in a supply-constrained corridor where modernized flex product is structurally difficult to replicate.